trueEX Separates Post-Trade Business from SEF
truePTS is a new entity that will focus on allocations, instant status notification and other processing capabilities.
trueEX, a swap execution facility (SEF), announced it has created a separate entity for its processing services.
The new business, truePTS, offers allocations, instant status notification and other processing capabilities to all market participants regardless of where they choose to execute. The post-trade services are available to dealers, buy-side firms, clearing firms, inter-dealer brokers and clearinghouses.
Sunil Hirani, CEO of trueEX, tells WatersTechnology the concept of spinning off
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